https://www.acumenresearchandconsulting.com/
Home Services Industry Services Press Releases About Us Blogs Report Store Contact us

Automotive Glass Market (By Product Type: Tempered, Laminated, Others; By Application: Windscreen, Backlite, Sidelite, Sunroof; By Vehicle Type: Passenger Car, Light Commercial, Heavy Commercial; By End Use: Original Equipment Manufacturer (OEM), Aftermarket Replacement (ARG)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Published : May 2020

Report ID: ARC1892

Pages : 190

Format : Automotive Glass Market (By Product Type: Tempered, Laminated, Others; By Application: Windscreen, Backlite, Sidelite, Sunroof; By Vehicle Type: Passenger Car, Light Commercial, Heavy Commercial; By End Use: Original Equipment Manufacturer (OEM), Aftermarket Replacement (ARG)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global automotive glass market is projected to grow at a CAGR of around 4.9% during the forecast period 2020 to 2027 and to reach around US$ 44 Bn by 2027.

Market Dynamics

Automotive sector is witnessing rapid change across the globe, with the developing regulatory standards related to products and inclination towards electric, solar, and hybrid vehicles are some major factors expected to drive the growth of global automotive glass market. Government of developed and developing countries is focused on lowering the impact of vehicles on pollution. Their approach towards use of electric and solar vehicles is increasing. With the changing vehicle design and technological advancements is vehicle operation such as AR/VR in vehicles, optimized dashboard, etc. is resulting in demand for better quality glass. Innovative product launches is expected to further impact the growth of global market positively.

  • In 2018, AGC introduced Pure Grey a neutral glass that offers an alternative to the green-tinted glass used on all car models for its solar control properties. The product launch will help the company to attract new customer and increase the profit.

Major players approach towards collaborative work for R&D activities and product development is expected to further augment the growth of target market.

  • In 2020 AGC Glass and Citrine Informatics collaborated for the development of next-generation glass with AI as they are focused on catering the ongoing demand for optimizing optical and mechanical properties for strong scratch and abrasion-resistant glass. This collaboration will help the company to enhance the product portfolio and increase the profit ratio.

In addition, business development activities by the major payers through merger and acquisitions in order to increase the customer base and enhance the product portfolio are factors expected to support the growth of target market.

  • In 2019, Safelite Group acquired TruRoad Holdings Inc. provides on-demand auto glass, driver assistance systems calibration and claims services. This acquisition will help the company to strengthen its position in the US market and enhance the customer base.

However, factors such as high operational cost and fluctuating raw material prices are expected to hamper the growth of global automotive glass market. Constantly changing raw material prices is impacting the cost of final product.

Rapid technological advancements by the major players and innovative product offerings are factors expected to create new opportunities for players operating in the target market over the forecast period.

Automotive Glass Market Segment Analysis, 2019

The global automotive glass market is segmented into product, application, vehicle type, and end use. The product segment is bifurcated into tempered, laminated, and others. Among the vehicle type segment passenger vehicle is expected to account for major revenue share in the global market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share owing to high demand for electric vehicles with improved safety. In addition, presence of major players operating in the country and innovative product offerings is expected to further support the growth of target market in this region.

Asia Pacific is expected to witness faster growth in the near future owing to high passenger vehicle sale and presence of major automotive manufacturers operating in this region. In addition, inclination towards emerging economies in order to increase the profit ratio is expected to further support the regional market growth.

Competitive Landscape

The market is highly competitive due to presence of large number of players. In addition, new product launches and high investment for R&D activities is expected to further increase the competition in the market.

Report coverage

Market

 Global Automotive Glass Market

Analysis Period

2016 – 2027

Base Year

2019

Forecast Data

2020 – 2027

Market Stratification

Product, Application, Vehicle Type, End Use and Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 

The market research study on “Automotive Glass Market (Product Type: Tempered, Laminated, and Others; Application: Windscreen, Backlite, Sidelite, and Sunroof; Vehicle Type: Passenger Car, Light Commercial, and Heavy Commercial; End Use: Original Equipment Manufacturer (OEM) and Aftermarket Replacement (ARG)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global automotive glass market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global automotive glass market segment by product, application, vehicle type, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global automotive glass market size and segment markets by product, application, vehicle type, end use and geography along with the information on companies operating in the market. The automotive glass market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Xinyi Glass, Asahi Glass, Fuyao Glass, Saint-Gobain, Samvardhana Motherson, Webasto, Nippon Sheet Glass, Gentex Corporation, Corning, Magna International, and AGG.

Market Segmentation

Market By Product Type

  • Tempered
  • Laminated
  • Others

Market By Application

  • Windscreen
  • Backlite
  • Sidelite
  • Sunroof

Market By Vehicle Type

  • Passenger Car
  • Light Commercial
  • Heavy Commercial

Market By End Use

  • Original Equipment Manufacturer (OEM)
  • Aftermarket Replacement (ARG)

Market By Region

North America

  • U.S.
  • Canada

Europe

  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Frequently Asked Questions

Which major factors expected to drive the growth of global automotive glass market?

Automotive sector is witnessing rapid change across the globe, with the developing regulatory standards related to products and inclination towards electric, solar, and hybrid vehicles are some major factors expected to drive the growth of global automotive glass market.

How much is the automotive glass market worth?

The global automotive glass market size is expected to reach around US$ 44 Bn by 2027.

What will be the CAGR of automotive glass market?

The global automotive glass market is projected to grow at a CAGR of around 4.9% during the forecast period 2020 to 2027.

Which vehicle type segment passenger vehicle is expected to account for major revenue share?

By vehicle type segment passenger vehicle is expected to account for major revenue share in the global market.

Which region is expected to account for major revenue share in the automotive glass market?

The market in North America is expected to account for major revenue share owing to high demand for electric vehicles with improved safety.

Which region is expected to witness faster growth in the automotive glass market?

Asia Pacific is expected to witness faster growth in the near future owing to high passenger vehicle sale and presence of major automotive manufacturers operating in this region.

Which are the key players of automotive glass market?

The players profiled in the report Xinyi Glass, Asahi Glass, Fuyao Glass, Saint-Gobain, Samvardhana Motherson, Webasto, Nippon Sheet Glass, Gentex Corporation, Corning, Magna International, and AGG.

Select Licence Type

Single User

US$ 4500

Multi User

US$ 7000

Excel Datapack

US$ 2000

Why Acumen Research And Consulting

100%

Customer Satisfaction

24x7

Availability - we are always there when you need us

200+

Fortune 50 Companies trust Acumen Research and Consulting

80%

of our reports are exclusive and first in the industry

100%

more data and analysis

1000+

reports published till date